@Jeff Miller$40k in equity most banks will not allow that to be pulled, as they have strict loan to value requirements.Whether you put properties in or out of a LLC, does not matter who owns it, but if you are seeking to get bank financing for acquisition they will want 25% down.

If you need any direction with financing, I can assist with that as well.

We want to make sure the documentation is done in complaince with Texas Mortgage finance laws. 

How did you finance this deal?

We chose an offer price based on comparable properties in the area and offered a little bit over asking.How did you finance this deal?

Cash or financed?

Do yhttps://www.biggerpockets.com/forums/925/topics/1185311-need-advice-on-financing-a-new-purchase#ou cash flow regardless of the scenario?

OK, savvy investors, talk to me about your experience financing the purchase AND extensive rebuild of a multi family building!

I have seen where this type of property has received F/F financing, but I have also heard of instances where these properties did not receive F/F financing.  

Rough NumbersPurchase price: $200,000Cash invested: $52,0000 (25% down conventional financing)Rent: $1,750Property Mgmt.: $125 per month, but I assumed 10% Capex+Maintenance: 5% (Assumed this since the home was recently rehabbed and all major items have 7+ years)Property tax: ~$5,000 (Could increase in the future; not sure)Insurance: ~$600Cash flow: ~$250 per month (while not huge, I expect some appreciation)